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Multibanco is a payment network that operates between banks in Portugal. Managed by SIBS, this network facilitates a variety of services, particularly in the realm of payments.Consumers can utilize this payment option to transact with merchants via their online banking system or by making withdrawals at an ATM.
This service is endorsed by all principal banks in Portugal, ensuring that a wide array of shoppers can access it.
Multibanco stands out for its advanced features compared to typical ATMs found in other nations.Originally, these machines were limited to tasks such as cash withdrawals, balance inquiries, and reviews of recent transactions. Over time, additional capabilities were incorporated, including payments for services and shopping, prepaid mobile top-ups, and the sale of event tickets, among others. Today, the payment network offers an extensive range of about 60 different services.
